Alliance chair urges farmers to vote on Dawn deal: ‘Every vote counts’

Alliance chair urges farmers to vote on Dawn deal: ‘Every vote counts’
Alliance chair Mark Wynne. (Image: Supplied)
Staff reporters
More than 1,300 Alliance Group shareholders have cast a vote on the deal for Dawn Meats to take a majority stake in the processor.It represents 45% of the shares issued in the co-op and comes as a special meeting will be held on the deal next Monday in Invercargill.If approved, Dawn will take a 65% stake in Alliance, which has 4,300 shareholders, for $250 million, of which the majority will be used to reduce its short-term working capital debt facilities.To pass, more than 50% of all shares on issue (more than 53m votes) must be a “yes&rd...